Libya Lays Up Tankers, Gaddafi Feels Heat

Thursday, July 07, 2011

According to a report from Reuters, many oil tankers in Libya's state-owned fleet remain anchored and unable to trade because of cash flow issues. Crude oil shipments from Libya, once Africa's third largest producer, have been at a virtual standstill for months as leader Muammar Gaddafi has faced international pressure and sanctions.

Source: Reuters

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